Hamburger Sparkasse

Commerzbank Seeks $3.25 Billion Via Rights Offer

Commerzbank AG, Germany’s second- biggest bank, is seeking 2.5 billion euros ($3.25 billion) in the fifth capital increase in four years to repay debt from a government rescue. The shares fell to a record low.

Commerzbank Sinks to Record as Executes Share Split

Commerzbank AG, Germany’s second- biggest bank, slumped to a record low as it carried out a reverse share split, part of a 2.5 billion-euro ($3.2 billion) capital increase plan.

Hugo Boss Stock Falls as Hamburger Sparkasse Cuts Recommendation on Costs

Hugo Boss AG fell to a 2 1/2-week low in Frankfurt trading after Hamburger Sparkasse cut its recommendation on Germany’s biggest luxury clothier to “ hold ” from “buy,” citing the cost of the retail chain’s expansion.

Bafin Said to Open Probe of Alleged Deutsche Bank Losses

German financial watchdog Bafin in cooperation with the Bundesbank is probing allegations of former Deutsche Bank AG employees that the firm hid losses during the financial crisis, three people familiar with the matter said.

Deutsche Bank Cuts 2012 Profit on Litigation Reserves

Deutsche Bank AG, continental Europe’s biggest bank, cut its reported profit for 2012 after setting aside additional money to cover legal costs linked to U.S. mortgage lawsuits and other regulatory probes.

UBS Loss Leaves Gruebel Contemplating Smaller Investment Bank

“We do know what we’re doing,” UBS AG Chief Executive Officer Oswald Gruebel told investors last year about plans to step up risk-taking to boost profit. “Risk is our business.”

Commerzbank Worst Among Peers Needs Disposals for Turnaround

Commerzbank AG has lost more value than peers in continental Europe outside Greece and a swing to profit in the third quarter is unlikely to boost the shares unless management cuts costs more quickly.

Commerzbank Seeks $3.3 Billion in Capital Increase

Commerzbank AG, Germany’s second- biggest bank, said it will sell 2.5 billion euros ($3.3 billion) of shares to repay the government and insurer Allianz SE. The company slumped the most since November 2011.

Lehman Certificate Holders Lose German Suits Over Disclosure

Two consumers lost their lawsuits in the first German top court cases heard over sales of certificates issued by Lehman Brothers Holdings Inc.

Deutsche Bank Says Co-CEO Fitschen Subject of CO2 Probe

Deutsche Bank AG co-Chief Executive Officer Juergen Fitschen and Stefan Krause, the firm’s chief financial officer, are subjects of a tax probe involving the sale of carbon-emission certificates that led to five arrests and police raids on the lender’s Frankfurt offices.

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Taiwan Rebuffs Aquino on Sea Death as Economic Ties at Risk

Asian Stocks Advances as Nikkei 225 Surges Above 15,000

Bomb Threats That Aborted China Flights Unfounded, Xinhua Says

Shell Targeted With BP in EU Price Fixing Probe for Oil: Energy

Hon Hai Profit Misses Estimates on Slowing Apple Orders